tv Bulls Bears FOX Business September 9, 2019 5:00pm-6:00pm EDT
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with her fabulous dog. there we go. right there in the middle. good stuff. connell: thanks for joining us. melissa: that does it for us. connell: "bulls & bears" starts right now. the dow ending in the green today, inching closer to new record highs and experiencing its longest winning streak since july. the president talking to reporters this afternoon, relatively optimistic we could see more record highs very very soon. he also took the chance to lash out at the media's recent obsession about recession. this is "bulls & bears." i'm kristina partsinevelos. joining me on today's panel, jonathan hoenig, robert wolf, gary kaltbaum and steve moore, you know, the usuals. here's what the president, though, had to say before heading to north carolina for a rally tonight. listen in. >> just so you understand, our country is doing phenomenally well. you know, there's a chance, i don't want to talk about it, but
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over a very short period of time, that we'll hit a yet new record. i think we have 118 records for hitting the top stock market. two weeks ago, the fake news was trying to convince people that maybe there's a possibility for a recession. well, lot of things have happened, very positive. kristina: steve, i want to direct this question to you. we had peter navarro say the economy is solid as a rock. do you believe, are you in the camp that believes the economy is doing really really well, or that we are starting to slow down and recession could be coming? >> somewhere in the middle of those two things. it's a very strong economy, no question about it. especially for workers. if you are a worker looking for a job, it's never been better in 50 years in terms of the 7.3 million job openings. the china trade dispute certainly has slowed down manufacturing and industrial production so that makes me a little bit nervous but all in all, this is a pretty healthy economy in terms of consumers and in terms of jobs. i'm going to give it b-plus.
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>> yeah, i would say it's not doing phenomenally well. i mean, it didn't hit the 5% gdp that steve once called for. >> that was trump, actually. trump wanted 5%. >> i think you were at 6%. that's right. listen, it's doing better than anyone else on the globe. i don't think we are going into recession. if we did, it's because of our own doing of tariffs and trade wars and all the tweets that really make people pause on capital investment. what i would say is that we have to be nervous out there. manufacturing's slowing. kristina: our economy is built more on services now. >> yeah, well, that's not always a great thing. that's a mixed thing, right? you want to also build things that people buy. i think these platform businesses that we all thrive on, the millenials love, i think we have to be a little uncertain on.
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>> first off, the economy is never solid as a rock when you have trillion dollar deficits going on, i mean, just ridiculous the numbers at this point in time. let me just say this. we're not going into recession. you know how i know? because the dow would be down 15% right now telegraphing it. we have definitive slowdowns in manufacturing, we have slowdowns in other areas and i think you got to be very careful about thinking everything is just wonderful at this point in time. >> yeah, look, there are actual concerns about the economy. that's not fake news. that's reality. that's what all of us, whether you are an economist, money manager or just have $1,000 in a 401(k), we are all trying to make plans and look long-term. the president is right about one thing. the market would be hugely higher if not for the trade war. look, it's no secret as to what creates economic wealth. it happens in america all the time because we are still the most individualistic, the most capitalist, the most entrepreneurial, look how many amazing companies continue to be created in america.
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so it's not low interest rates, tariffs, trade wars, bailouts for farmers. what we need is economic freedom and we need it fast. that's what keeps this economy going. >> jonathan, let me ask you a question. is there anything donald trump is asking of the chinese in these trade negotiations that you think is unreasonable? he's basically saying create a level playing field, open up your market, stop stealing from us. aren't those very reasonable demands? >> what's not reasonable, steve, is charging americans more in the process, trying to fight a trade war or trying to enact a trade war, trying to change the chinese by charging americans more for everything from consumer electronics to grills, only hurts americans and steve, in your former life before you became a trump supporter, you would be agreeing with me. >> i think the chinese are paying a big, big, hefty -- you said being charged to the american consumer. >> steve -- >> it is not going to our treasury department. we would all agree on this program.
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kristina: they are not getting the money? [ speaking simultaneously ] >> the point is that it is a drag on the economy. look, it's not -- this is why the first president bush abandoned his trade tariffs back in 2002, that president bush, because he saw that they were hurting the steel industry, hurting the aluminum industry. the president is making the same mistakes once again and blames the fake news media. >> gary, it is getting tiresome hearing oh, china's doing so bad. i have news for you. they are the number two economy in the world, if it suffers and heads south, we will head south. we are not immune. you already have a soft europe. if china goes down, i can tell you they're not doing 6%, they are probably doing 2% right now. then of course, the talk, there was a great op-ed in the "journal" about the tennis ball company that does business in china that has to pay 15% tariffs and it's hurting them. you times that by all the companies out there, it is a definitive fact. it's a reason why the president gave $28 billion of our tax
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dollars to farmers, it's because of the tariffs. if he would just get rid of them right now and become the great negotiator that he says he is to get things done, i can promise you gdp would head up, markets would head up. i don't think that's in the offing right now. kristina: i want to touch upon that or pivot the conversation further into the near term. we are talking about the fed and cutting interest rates. robert, let's direct this question to you, then. how do you think the fed's going to move forward? is it just going to be, we were already predicting this rate cut but is that going to be enough to offset the trade tensions we have been talking about, the massive amount of money we have been spending, the subsidies that have been given to farmers and the billions of dollars? we already have a few fomc, federal open market committee members who are saying the economy is pretty strong so maybe we don't need to ease too much. what do you think? >> i think we have been talking about this for about a year. none of us probably on this panel like that there was a december cut and my guess is everyone thinks they were not -- >> you mean hike. >> but no one was surprised there was a cut recently because
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they just offset it. the economy is chugging along fine. i would like to not see a cut done. i think they will do one 25 basis points, i think it's relatively meaningless. i think actually, you leave the fed cuts for when there is an issue with the economy or when you need liquidity in the system. we don't need either of those two. i'm not sure why we are using the fed because of bad trade policy. >> because -- kristina: should we be using this ammunition for later on? >> the fed is causing a big problem right now. i think there's two problems on the economy. one is the trade war which by the way, i support even though i think it's causing short-term pain because i think long-term we come out ahead. the other is the fed has been way too tight. robert, you were a banker. when you see people buying ten-year treasury bills at 1.5%, that's a sign of people much more worried about deflation than inflation. i'm worried about deflation. i think deflation could have a much worse impact than inflat n inflation. we need more dollar liquidity, more dollars flowing into the economy, to get prices back up.
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kristina: gary? >> you are overrating the fed. ten years already down at 1.6%. mortgage rates are coming down. lending rates are coming down. that's going to help the economy. the fed is so behind right now it doesn't even matter at this juncture. >> they are behind. i agree on that. kristina: all right. you both agree about the fed. we will see what happens in the near term. we got to talk about the 50 states across the country that are united in a massive bipartisan effort aimed at investigating google and it launched this afternoon. what are they looking for, and what could it mean for the future of this tech giant? we will ask an attorney general that's involved with that, next. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better.
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biden, but i am going to tell you it's a big deal. >> something bipartisan. 50 state attorneys general teaming up to take on big tech. the ags launching an investigation into google's alleged antitrust practices. arkansas attorney general leslie rutledge is among them and joins us now by phone. thank you for coming on, attorney general rutledge. >> thank you. good afternoon. >> i will go straight to it. has google broken any laws? >> well, that's what this investigation that we launched today will determine. we are looking into whether or not google's business practices, they may undermine consumer choice, stifle innovation, negatively impact privacy, harm the individual marketplace. google is such a large company in the control of information online. we're just trying to determine through this investigation whether or not the online search engine juggernaut is breaking
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antitrust laws. kristina: attorney general, thank you for joining us. i was at the new york stock exchange just before coming to this show, speaking to a lot of traders about it. it seems they saw the message and didn't really care. that's reflected in the fact there wasn't much of a selloff in a lot of these big tech companies. one trader said in particular these tech companies have a lot of cash on the side and are prepared for this and it's already priced in. do you feel like that's the case, a lot of these tech giants are already financially prepared to be hit and pay out, hence the reason everybody is going after them? >> well, whether or not that's part of their business model, it's to be determined whether or not they haadd that into the calculation. what we are concerned about as attorneys general is whether or not the advertising costs are being passed off to consumers and when you look at the company of google, 90% of its $117 billion are on individual advertising. we are trying to determine whether or not again, they are stifling innovation, impacting the free market and essentially
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impacting consumers' choices because when you google something, are you getting the best product, the best services, or simply getting the highest bidder and the highest advertiser? >> attorney general, thank you for being with us. it's jonathan hoenig. i remember lots of competitors, still to this day, whether it be infoseek, ask jeeves, there is always competition in a free market. would you at least acknowledge the value that google has created? people don't have to buy encyclopedias before, you are going after google but isn't it because you are going after google because they have been so successful in becoming that juggernaut? >> well, we -- >> isn't that why you are going after them? >> i think all of us know exactly how much the internet has perhaps improved our daily lives but we want to again maintain the free market. so it's not going after a company because they are successful. it's making sure that the business practices of all companies, great big ones as well as small ones, are
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appropriate business practices and are not doing so to thwart competition and prevent new alternatives from existing. our concerns are in protecting businesses and consumers of all sizes. >> general, this is steve moore. i want to first of all say i'm so -- google is one of our most successful companies and they provide services to consumers, nobody forces consumers to use their products. you keep using the term free market. how is using the government to go after our companies a free market solution? so my question for you is this. what you're alleging against google is exactly what a lot of people alleged against the great arkansas company named walmart. you think walmart should be broken up? >> well, what we are doing in this investigation, again, this is simply an investigation, and i would remind all of you all that, and your viewers, that this is an investigation to
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determine whether or not they have, in fact, violated the antitrust laws of the individual states involved as well as the u.s., and we are cooperating with the federal government on this. so no, we do not want -- we do not seek opportunities to go after good businesses. when businesses perhaps limit americans' access to the free market and access americans' choice and i believe it's important that we ensure that americans have that available to them, all americans. >> a lot of people made those allegations against walmart, exactly what you are saying about google is what people said against walmart. >> well, you know, walmart is a home company, the largest retailer in the world and we are very pleased with all the things that walmart has done to create jobs not only in arkansas but across america and across the globe. so today's investigation is about google and their business practices, particularly as it relates to digital advertising.
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because again, when people use google and when a company becomes a verb, it becomes very powerful. we are simply launching this investigation to ensure that all information americans, arkansasans have access to all information, not information pushed up by the larger advertiser. >> this is gary kaltbaum. one thing that worried me is when i heard attorney general paxt paxson talk about how much money google makes. it almost sounded like he minks gooi thinks google makes too much money. the greatness of this country is being able to start a business with nothing and be able to become the greatest business in the world. do you worry about these type of investigations stifling companies from becoming bigger because they are worried about becoming bigger? >> i can assure you that almost all of the attorneys general are not after companies because they are successful.
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again, today's investigation was launched because we want to ensure that antitrust laws have not been broken and that a company such as google that has achieved the greatness has done so through legal means and not illegal means. >> thank you, attorney general. we appreciate your time with us. the taliban issuing a new threat against america. former intelligence officer and iraq war veteran don bramer on how the u.s. should respond. >> they're dead. they're dead. as far as i'm concerned, they're dead. they thought that they had to kill people in order to put themselves in a little better negotiating position.
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when i heard very simply that they killed one of our soldiers and 12 other innocent people, i said there's no way i'm meeting on that basis. there's no way i'm meeting. they did a mistake. we've been policemen there for a long time and the government's going to have to take responsibility or do whatever it is they do. you know, we'd like to get out but we'll get out at the right time. >> president trump telling reporters this afternoon why he canceled secret talks with the taliban that were supposed to have been at camp david yesterday. also when he expects troops to leave afghanistan. but the taliban now is making new threats against the u.s. in response to the canceled meeting, saying this will cost even more american lives. with us now is former intelligence officer and iraq war veteran, don bramer. this enemy does not sound defeated. how concerned should we be about these new threats? >> well, i think these threats
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are very real and if you look back, the taliban is not a party that wants to negotiate. they have proven more than once they can't be trusted by their words and we should appreciate that that danger is still there as much today as it was 18 years ago. >> this is gary kaltbaum. thank you for your service. the one thing that just stood out to me in the last few days, printed out a page today, condemned acts and crimes of the taliban, i was able to print out like 20 different pages, yet we were going to bring them to camp david and i'm just thinking to myself who is advising the president on this? where do you come off on that, because i got to tell you, this just tastes so bad knowing they were involved in 9/11 and we are a few days before that anniversary. >> you are exactly right. here we are just three days before the 18th anniversary, so where that advice is coming from, it's not clear. you know, secret talks, secret meetings, when it comes to peace, have a history at camp
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david, whether it was jimmy carter in 1978 or with bill clinton in 2000. but what we have is the visual of this is extremely bad. the timing was bad. and i think it was a bad move. >> don, what would you recommend that trump do at this point with respect to what's going on in afghanistan? >> well, my recommendation is as the president the deal is dead. there are no more talks until they can come back and say they are willing to honor their part of the deal. part of that means having a cease-fire which they agreed -- or did not agree to do in exchange for the taliban prisoners the u.s. had negotiated on behalf of kabul. kristina: you just said moments ago the taliban is not a party that wants to negotiate. you have a lot of experience in this field. how could the president invite the taliban over and expect any type of dialogue when you just said right here and many people do agree with you, that they
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don't negotiate? >> well, the president loves his face-to-face meetings. we know that. kristina: for what purpose, though? this could potentially result in even more violence. >> i completely agree. i think if there were to be a second meeting or a first meeting, we had the meeting september 1st with the taliban, it should have been done in a mutual ground, not the united states, not at camp david, and not in a place that gives them a win publicly that they would have used propaganda years to come. it would have been a great recruiting tool for them. what would that have shown? kristina: we invited you to the united states. yeah. >> how do you think the military serving us overseas feels when they see this on again/off again? >> well, you know, it's very confusing. the one part of that, when you raise your right hand to serve this country, you always honor the commander in chief, whether you agree or disagree. so that's on one hand. but the other hand, we saw this with president obama, when we had the victory and we started
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withdrawing in iraq, and i know personally that when we lost those same towns that i fought for and we were there, you know, it's disheartening. you lose your sense of morale. this would have caused us, this pulling out too early, this withdrawal of troops would have sent a bad message of wasted time and wasted energy. >> that's my question. thank you once again for your service. but the president we know wants to bring the troops home. will the war in afghanistan be ended or will the war in afghanistan be won, and how should the president do it either way? >> well, this president has said from the beginning that he wants us out of afghanistan. he wants us to bring as many troops home and he's trying to have those plans but i think in this case, the taliban has shown they do not want peace. they do not want to recognize the afghanistan government that we have fought for the last near two decades to establish. where they said they want to ensure there is freedom still in place, i think this is
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completely wrong and it's a backward move for them. kristina: just this week, a pretty sensitive -- i know you said the timing is probably not the greatest, 9/11 anniversary on wednesday, there was the anti-taliban commander, the anniversary of his death today, tomorrow is a very popular holy day as well. why do you think they chose of all weeks to meet over this past weekend? i know you probably don't know but i figured it's just weird, the timing. >> it is weird. >> i will say stupidity because you can't say it. kristina: no. >> what i do think is the potential here for the taliban and every other terrorist group to use this as a recruiting tool stands out. you will see this on their twitter accounts. they would be using this to recruit. kristina: are you seeing this already? >> we haven't seen it. we have been watching. i think had they got those first couple images with them and the president, them in the united states, we would have seen that for years, maybe longer, to come. >> wow. >> we only have a minute left
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but i want to ask you briefly, they promised greater attacks. are american servicemen at greater risk now as a result of the canceled meeting? is this just idle talk or is this going to happen? >> i think the risk is always there. we have to remain vigilant with this force. but we have a strong force and they need to realize that, you know, everything comes with a price. if they want to increase their attacks, well, we have not said what we are going to do in retaliation for this past attack. i think more to come on our side. >> thank you for being with us. there is more to come. we will be covering it all. thanks again. all right. moving on. 2020 democratic hopeful elizabeth warren is getting slammed by her own party over funding. some people are actually calling her a hypocrite. is she? more on this right after. i know that every single time that i suit up, there is a chance that's the last time.
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kristina: critics including top biden supporter ed rendell calling 2020 democratic candidate elizabeth warren a hypocrite over her campaign donor history. despite her anti-big money campaign, the "new york times" is reporting that warren is still benefiting from wealthy donations she received during her 2018 senate run. the "times" highlighted that last winter and spring she transferred $10.4 million in leftover funds to underwrite her 2020 run. so we will start with you on this question, robert.
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i know it's the obvious question, but is it hypocritical of elizabeth warren to be using that money despite the whole i'm anti-everything big and corporations and anything wealthy? >> well, that would take many different answers right now. one, i have given to 12 candidates, i have not given to elizabeth warren. i don't think she wants my money. kristina: you are a wealthy big man on campus? >> listen, right now she's running a smart campaign. governor rendell is going at her because he's a biden fan and he's a moderate and he's probably nervous of where she's going, because right now she looks really good in the early polling. i think we're at a point right now, she feels like she's getting a lot of populist movement, a lot of grassroots donors and there is a little hypocrisy that she's taken the money she's gotten from big donors, $2,000 plus or more, for her senate campaign and transferred it because her massachusetts election was an easy win. that being said, she's not breaking any rules and if she was the candidate, my guess is
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she will go back to big donors and take from them as well. >> a little hypocrisy? no, this is the height of hypocrisy. this woman has been going around bashing anything that produces, any company that's big, anybody who does things right or creates jobs, and she took money from these big people. what do you expect from somebody who created her heritage out of thin air in order to make bucks and move up in life? listen, this is not the first politician to be hypocritical on money and the shame of it is i think i'm hearing now that this whole political thingamabob into the presidency next november will be $2 billion being spent to elect somebody. lovely. >> i'm going to do something i have never done in my whole life and that is defend elizabeth warren. i think robert said it very well. she's not violated any of the laws with respect to contributions. this is big-time politics. if you want to play the game you got to raise money. that's just the way it is. maybe i'm saying this because
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there's nobody as a trump supporter i would rather run against than elizabeth warren but i think this is much to do about nothing. >> by the way, i think it also suggests that the moderates are very nervous about elizabeth warren stealing this nomination from joe biden. kristina: hold that thought. you can add to this because we will continue the conversation because this thursday is also a big night for warren and nine other 2020 candidates. it's make it or break it time for some of them at the third democratic debate. it will also be the first time we will see the top tier candidates onstage together. jonathan, i want you to get your point across, because you were talking about that, then also weigh in on what you expect from thursday, biden versus warren. what do you think? >> well, i hope we see something on thursday that is some sort of a breakthrough. we need a you're no jack kennedy moment. we need -- >> forget it. >> we need something, something that differentiates these candidates from this endless din of progressive talking points about environmentalism and
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insult the rich. we need something that elevates one of these candidates from being a candidate to being a leader. we haven't seen it yet. we might get it thursday. >> listen, the thursday debate is going to be the first time we are only going to have ten candidates, it's only one night, more eyeballs will be watching. actually, when we go back in october there could be more than ten. it's the first time you have bernie on one side of biden and elizabeth warren on the other. my guess is there's going to be some serious tag teaming going on. also, we are going to have a bunch of the 2% level, castro, beto and so on. they are going to look to make their play. we are in a situation where thursday night is kind of a pivotal moment for the party. whether it's kind of, it lands on deaf ears will i think depend on what jonathan said. >> we will get $100 trillion of proposed government spending and $100 trillion in taxes on the people of this great country and all kinds of rules, fees, fines, mandates and all that that they
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will foist upon everybody. lovely. have fun on thursday. >> of course. gary, that's what's expected. we will hear that. what will differentiate one of these candidates is to step away from that, look like a leader at least for the first time for potentially the whole country not just the democratic party. he or she who can elevate themselves above that progressive party squabbling will be the next nominee. >> gary, we also should say there's one thing about talking about big grand ideas and then there's another thing about just raising the deficit and debt tremendously like we're doing now. let's be honest. a lot of those proposals are not going anywhere, right? they're not going to pass anything. as steve knows, he predicted actually i think a balanced budget but we are nowhere near that. >> what i predicted is we will have the record number of americans working, the highest wage increases in 20 years and the lowest unemployment rate in 50 years. i have nothing to apologize for. kristina: okay. first person, top of your head, who do you think will do the
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best on thursday? i know you have money -- >> listen, warren has been the best onstage because she's just touting what she's been believing for years. it comes across very natural. i think to gary's point, a lot of those things will never get passed but it actually resonates big to the populist left. kristina: we will wait until thursday and obviously talk about it on friday. but take a look at this. would this freak you out if you saw this driving next to you on a busy expressway? can we actually trust technology here? we will debate it next. this is the age of expression.
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studying my playbook? yeah, actually. [upbeat♪action music] (pilot) we're going to be on the tarmac for another 45 minutes or so. poor tesla is under fire yet again, sparked by this video of another driver apparently caught sleeping behind the wheel of their tesla while it was on auto pilot. the car was going 60 miles per hour down a major highway. a similar incident occurred in june in the san francisco area.
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tesla states on its website that its auto pilot feature is meant to assist drivers on the road but they must remain awake and attentive while using the feature. do you trust this technology or does tesla need to do more to prevent this? gary? >> i will say this for the thousandth time. if i know that anybody is on the road that's driverless, i'm heading the other way. i don't trust technology. try going in a driverless car through the mountains. try i-4 with all the construction. no, thank you. by the way, i don't know that person. that car, it's not one of my relatives. >> he should be arrested. the problem is not the technology. the problem here is that this person isn't using it -- he's using it wrong. i don't care what happens to him if this is how he acts, you know he will meet his maker sooner than later. the problem is he's posing a serious threat to other people all over the road. elon, who was very quick on social media to be jabbering on
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about everything, should be very explicit about this, that people are using this technology wrong if they are literally falling asleep at the wheel. i like to see people engage in this kind of recklessness, as long as we have public roads, it should be illegal to be asleep on the public roads behind the wheel of a car. kristina: which is the obvious statement, but i think this is something we have to grapple with as we go forward and it's not just going to be tesla. it's a lot of auto makers that are working on their own self-driving type vehicles. the specialty about the tesla vehicle is it can change lanes on its own without having to do anything on auto pilot. however, if mud hits the sensors it shuts off. or markings on the road are unclear it shuts off. i still think tesla has a lot to figure out because this is the second case of a person falling asleep that we know about on the road driving a tesla on auto pilot. >> a question. did the car get in an accident? kristina: we don't know the outcome after this. >> that's a hell of a commercial if it did, let's be honest. we can say all these other things but look, that car is
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going on the road for awhile and there's no crash. this is what people have been nervous about. oh, my god, there's going to be a crash. oh, my god, there's going to be a crash. well, here it is. there's no crash. i do agree with jonathan that technology was meant to be used the right way. this obviously is not meant -- >> hold on. let me be the one to -- i don't own a tesla, but the whole idea of these driverless cars is when the technology is perfected. i agree that there's a big difference between 98% of the way there and 100%. but the idea here is once the technology is perfected, this will substantially reduce accidents on the road, that the technology will work better, and actually, you could sleep in the back seat of your car and it's going to drive and it's going -- kristina: that only works if every single car is operating in the same manner. it won't work if you are still driving your grandmother's oldsmobile and have a tesla driving next, driving
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driverless. i don't know if we will ever come to that point in time. >> with all due respect, we are talking about technology working 100% of the time while something's going 60 miles per hour. i can't even get my remote control for my tv to work so i have to worry about technology being perfect. that's what we are going to have to worry about going forward. i got news for you. one time, not perfect, somebody dies because of it, i'm not interested in having that happen. >> yeah. i think it shows a shameful disregard for other people's lives. you know, you can do what you want, you can be as reckless as you want with your atv on your private land. when you are on a public road putting other people's lives at risk at 60 miles an hour, this individual is at fault. it's not tesla writ large or technology. this individual is using the technology wrong and it should be illegal on public streets like this. >> boy, i just can't believe what technology-phobes you guys are. human beings are error-proof. you heard about big tech making money off your info but what about the government?
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that could reveal what your body isn't telling you. i'm gonna tell you that was the best $150 i ever spent in my life. life line screening. the power of prevention. call now to learn more. if you have ever been to a dmv, you might want to listen up. new documents reportedly revealing that department of motor vehicles is selling your data and making millions off of it. grady trimble has been following this story. grady, what can you tell us about this? reporter: well, you expect this type of thing by now from big tech companies, but you wouldn't expect a dmv like this one in wisconsin to be doing it. but according to a new report in vice news, that's exactly what they are doing, selling personal information that they collect here when you say apply for a driver's license, things like your address, date of birth,
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even your vehicle information and e-mail addresses, and they are selling this to private investigators, insurance companies, even tow truck companies if they need to find you to repossess a vehicle. they are making big bucks doing it, too. wisconsin, where we are, made $17 million in one year, according to this report. south carolina and the sunshine state of florida made even more. florida made $77 million with this data. we have been talking to customers here to get their reaction and we have actually gotten mixed reaction. some people are shocked and concerned that this type of thing is happening. others says you know what, i'm not doing anything wrong so i have nothing to worry about. it might actually generate revenue and reduce my taxes. >> i think it's wrong. i think if somebody wants you or wants information of you, they should be asking you. it shouldn't be something that's just available, readily available for them. >> it should be more clear this is what you're signing up for. >> correct. >> no.
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the reason it doesn't concern me is there would be no reason for anyone to be looking for me. that's the main reason. you know, so i have nothing to hide. reporter: so a question a lot of people have, is this legal. it actually is. it's been going on for decades, thanks to a law that was passed in the 1990s that was supposed to restrict access to this type of information, but had a lot of exemptions for people like private investigators and other entities. so now a lot of lawmakers are calling on congress to close the loopholes to this driver's privacy protection act, and we should note that all of the dmvs contacted in this vice article say they don't use or they don't provide, rather, your photos that you take to get your driver's license and they also don't provide social security numbers, so i guess that's some consolation. guys, back to you. >> thanks for the story, grady. so jonathan, you know what i think of this.
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what do you think of this? >> it's infuriating here because you know, unlike big tech, you don't have to sign up for some website. you don't have to participate. but you have to get a driver's license. it's not like you can go down to the other side of the road and go to the other driver's license. so much of government could be cut. this man is insane if he thinks this is going to cut his taxes. it's another tax on him because you know what, all those sales of all his personal information shows up once again in telemarketing and spam e-mails and all the rest. government is once again out of control. this is the latest example just why. >> yeah, i would say i'm incredibly disappointed, surprised, kind of ticked off in a way that, you know, you have no choice with whether your registration, your license, all these things, and now i actually just bought a new car. now i know why i'm getting inundated with some stuff on insurance. kristina: you probably made the search.
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jonathan, are you spot on. i would retaliate and ask you this question -- >> they're profiteering. kristina: have you guys been paying attention to the new privacy law that will be in california as of january 1st where corporations no matter, any for-profit organization will have to allow shoppers, if you go in a store, you have to give them all the information that you have on them? do you think that that is a law that could be applicable even to the government? jonathan, maybe? >> look, kristina, the problem is the government thinks it's above the law. look, we have do not call lists. we have all these things the government supposedly put in place to help us protect us, but here, once again, we have another example of them going right around the back. as gary alluded to, it's not like -- or robert alluded to, you don't have a choice not to get a driver's license. you need it for identification purposes. even for that, the government profiteers off it by selling your private data to the highest bidder.
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terrible. >> i was surprised. if wisconsin's making $17 million, imagine what california's making. >> florida made $77 million. pox on my state. kristina: you guys, we should all start taking bicycles everywhere and walking, public transit. this is a good promotion for that. infrastructure. >> or speaking out, or speaking out against this type of profiteering. this type of unscrupulous activity. if google did this you would be screaming high hell and bloody murder but it's the government doing it. kristina: it's still bad. they're all bad. >> if they offered me to give up that information to get a reduction in taxes, i would check the box tomorrow. like that guy said. i feel everyone has my information anyway. >> all i can say, the incorrigible dmv. we've got to move on. a problem is bubbling up for the nation's top hard seltzer
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brand and millenials claw for their drinks. why it's causing quite a frenzy, up next. (ding) hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ ♪ ♪ award winning interface. ♪ ♪ award winning design. ♪ ♪ award winning engine. ♪ ♪ the volvo xc90. our most awarded luxury suv. ♪ ♪
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( ♪ ) >> first it was popeyes ching and wiches. millennials are freak out over the nationwide shortage of this spiked seltzer drink. it was released three years ago and sales are up 300% compared to the same month year after year. the alcohol enhanced beverage they can't keep it on the shelves, the demand is so high. no word yet on when store shelves will be stocked. is this a big publicity story out of supply. >> not surprising.
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we just recently had a barbeque with 4. >> rekrernltly college graduates. literally there were cases of this stuff. i never heard of this until labor day weekend. there were cases of this the kids were literally drink all day from the beach to the barbeque. i heard about the popeyes ching as well. they had a huge sign, no chicken sandwiches. there you go. >> this question was originally directed to me. 5%, i think it's a p.r. stunt. you can get a budweiser for the same percentage. >> i went to downtown 7-eleven in downtown orlando. they told me it peaked out three or four months ago.
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i think they are trying hard here. >> what are you going to do with it? >> i will gladly send it to you. >> that does it for pulls and bears. thank you, guys. liz: congress returning from summer break. democrats hitting the tv shows attacking republicans on gun control. tonight the debate on what you can expect. the indices near the all-time high. this is coming in. you will likely see this by this coming friday morning. the next democrat contender. the focus is narrowing in on senators elizabeth warren and joe biden. so who has got momentum. who does the party want? as another trump primary challenger steps up the president
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